Metro eyes more stores in Cebu’s countryside

Marites Villamor Ilano 05/08/2016

Gaisano-led retailer Metro Retail Stores Group, Inc. plans to open additional supermarkets or hypermarkets outside the highly urbanized cities of Cebu in the next five years. Joseph Conrad M. Balatbat, vice president for business development and investor…

Metro rents warehouse to boost logistics

04/07/2016

HOMEGROWN retailer Metro Retail Stores Group, Inc. (MRSGI) recently inaugurated a leased warehouse in Barangay Tingub, Mandaue City as part of efforts to modernize its logistics and supply chain processes. “Every aspect of our operations is founded…

Cebu retailer reports bigger profit

03/16/2016

CEBU-BASED retailer Metro Retail Stores Group, Inc. (MRSGI) posted a net income after tax of P758.6 million for the year 2015 — 20.6 percent higher than last year. In a disclosure to the Philippine Stock Exchange, the…

Metro buys Wellworth assets of Ayala, SSI

Marites Villamor Ilano 03/02/2016

LISTED Cebu-based retailer Metro Retail Stores Group, Inc.  has acquired the Wellworth department store assets of SIAL Specialty Retailers, Inc. in Fairview Terraces Mall and UP Town Center Mall as part of its expansion program. Metro, a…

Metro opens store in Calbayog

02/18/2016

METRO Retail Stores Group, Inc. has opened a Super Metro Hypermarket in Calbayog City, Samar, the first store to be inaugurated in line with the company’s strategy to double its nationwide retailing footprint in the next five…

Metro Retail eyes loans to partly fund expansion

Vanessa Claire Lucero 11/06/2015

Initial public offering ‘oversubscribed,’ says BPI Capital exec The expansion of Gaisano-owned Metro Retail Stores Group, Inc. will be supported by available credit lines, a top-ranking executive said. “We’re still very much under-leveraged,” said Frank Gaisano, Metro…

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